First off is the Garden Shed. You can buy one garden shed for 30,000 coins or 30 FarmVille cash (limit 1). The shed is a small building (8 small squares - 2x4 - can be placed along the edge of your farm) that can hold up to 30 flower bunches.
When you first place it, you get 10 free flower bunches. Now, when you harvest crops, you have a chance to harvest a perfect bunch. Perfect bunches can be shared with friends and stored in your garden shed as a bouquet. You can then put these bouquets on your farm.
Associated with the Garden Shed is a new ribbon: Pretty Garden. The Pretty Garden ribbon is unlocked by placing flower bouquets on your farm (which you get from harvesting flowers when you have the garden shed).

Yellow Ribbon: Place 5 bouquets on your farm - 25 xp and a special gift (daffodil bouquet)
White Ribbon: Place 10 bouquets on your farm - 50 xp and a special gift (red tulips bouquet)
Red Ribbon: Place 25 bouquets on your farm - 100 xp and a special gift (Pink Roses)
Blue Ribbon: Place 50 flower bouquets on your farm - 250 xp and a special gift (Sunflowers)
Bouquets are fairly easy to get - I ended up getting around 30 with a field full of lilies. Flowers die after 14 days.
Another new ribbon was added as well - King of Compost. The King of Compost ribbon is rewarded for harvesting crops that have been fertilized.

Yellow Ribbon: Harvest 75 crops that have been fertilized - 25 xp and 1,000 coins
White Ribbon: Harvest 150 fertilized crops - 50 xp and 2,500 coins.
Red Ribbon: Harvest 300 fertilized crops - 250 xp and 5,000 coins.
Blue Ribbon: Harvest 600 fertilized crops - 10000 XP and 10,000 coins.
New mystery boxes were also added; will follow-up and update the rest of the ribbons as I get the information.

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